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Bond Market Index Fund
mutual fund
PBIJX
Payout Change
Pending
Price as of:
$8.08
+0.01
+0.12%
primary theme
U.S. Intermediate-Term Bond Duration
share class
PBIJX (Mutual Fund)
Bond Market Index Fund
Payout Change
Pending
Price as of:
$8.08
+0.01
+0.12%
primary theme
U.S. Intermediate-Term Bond Duration
share class
PBIJX (Mutual Fund)
Bond Market Index Fund
Payout Change
Pending
Price as of:
$8.08
+0.01
+0.12%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.6%
1 yr return
0.9%
3 Yr Avg Return
-2.9%
5 Yr Avg Return
-0.9%
Net Assets
$1.99 B
Holdings in Top 10
9.0%
52 WEEK LOW AND HIGH
$8.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 161.70%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PBIJX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return -2.9%
- 5 Yr Annualized Total Return -0.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.42%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBond Market Index Fund
-
Fund Family NamePrincipal Funds
-
Inception DateMar 17, 2010
-
Shares OutstandingN/A
-
Share ClassJ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDarryl Trunnel
Fund Description
Under normal circumstances, the Fund uses a passive investment approach known as “sampling” to invest at least 80% of its net assets, plus any borrowings for investment purposes, in investments designed to track the Bloomberg U.S. Aggregate Bond Index (the “Index”) at the time of purchase. The Index is composed of investment-grade, fixed-rate debt issues with maturities of one year or more, including government securities, corporate securities, and asset-backed and mortgage-backed securities (securitized products). As of November 30, 2023, the Index was composed of 13,378 issues. The Index is rebalanced monthly to reflect securities that have dropped out of or entered the Index in the preceding month. Generally, the Fund makes corresponding changes to its portfolio shortly after Index changes are made public. Because of the practical difficulties and expense of purchasing all of the securities in the Index, the Fund does not purchase all of the securities in the Index. Instead, the Fund uses a sampling methodology to purchase securities with generally the same risk and return characteristics of the Index. Under normal circumstances, the Fund maintains an average portfolio duration that is in line with the duration of the Index, which as of November 30, 2023 was 6.19 years. The Fund will not concentrate (i.e., invest more than 25% of its assets) its investments in a particular industry except to the extent the Index is so concentrated. As of November 30, 2023, the Index was not concentrated in any industry.
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PBIJX - Performance
Return Ranking - Trailing
| Period | PBIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -7.8% | 11.6% | 83.61% |
| 1 Yr | 0.9% | -7.5% | 11.7% | 82.37% |
| 3 Yr | -2.9%* | -11.0% | 27.4% | 71.00% |
| 5 Yr | -0.9%* | -7.6% | 58.4% | 85.48% |
| 10 Yr | 0.7%* | -3.0% | 73.8% | 87.20% |
* Annualized
Return Ranking - Calendar
| Period | PBIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.2% | -16.2% | 8.1% | 82.43% |
| 2022 | -14.7% | -34.7% | 131.9% | 15.64% |
| 2021 | -3.7% | -11.6% | 4.4% | 63.96% |
| 2020 | -9.9% | -9.9% | 946.1% | 99.88% |
| 2019 | 5.8% | -1.7% | 16.9% | 41.90% |
Total Return Ranking - Trailing
| Period | PBIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -7.8% | 11.6% | 83.61% |
| 1 Yr | 0.9% | -7.5% | 11.7% | 82.37% |
| 3 Yr | -2.9%* | -11.0% | 27.4% | 71.00% |
| 5 Yr | -0.9%* | -7.6% | 58.4% | 85.48% |
| 10 Yr | 0.7%* | -3.0% | 73.8% | 87.20% |
* Annualized
Total Return Ranking - Calendar
| Period | PBIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.1% | -11.3% | 11.9% | 80.98% |
| 2022 | -13.6% | -32.2% | 131.9% | 49.36% |
| 2021 | -2.0% | -9.4% | 9.2% | 87.99% |
| 2020 | 6.9% | -1.9% | 1009.0% | 81.36% |
| 2019 | 7.8% | 1.1% | 21668.0% | 77.19% |
NAV & Total Return History
PBIJX - Holdings
Concentration Analysis
| PBIJX | Category Low | Category High | PBIJX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.99 B | 2.9 M | 314 B | 43.63% |
| Number of Holdings | 3395 | 1 | 17880 | 11.94% |
| Net Assets in Top 10 | 207 M | 1.62 M | 35.1 B | 62.31% |
| Weighting of Top 10 | 9.02% | 4.7% | 3984.6% | 96.77% |
Top 10 Holdings
- Principal Government Money Market Fund - Class R-6 3.10%
- iShares iBoxx $ Investment Grade Corporate Bond ETF 1.19%
- United States Treasury Note/Bond 0.79%
- United States Treasury Note/Bond 0.72%
- United States Treasury Note/Bond 0.57%
- United States Treasury Note/Bond 0.57%
- United States Treasury Note/Bond 0.54%
- United States Treasury Note/Bond 0.53%
- Fannie Mae Pool 0.51%
- United States Treasury Note/Bond 0.51%
Asset Allocation
| Weighting | Return Low | Return High | PBIJX % Rank | |
|---|---|---|---|---|
| Bonds | 97.36% | 0.00% | 9231.88% | 39.27% |
| Cash | 3.16% | -54.51% | 237.69% | 45.90% |
| Stocks | 1.38% | 0.00% | 99.98% | 9.22% |
| Convertible Bonds | 1.25% | 0.00% | 7.93% | 59.94% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 86.50% |
| Other | 0.00% | -27.25% | 1695.17% | 91.28% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PBIJX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 93.18% |
| Technology | 0.00% | 0.00% | 43.45% | 91.36% |
| Real Estate | 0.00% | 0.00% | 99.26% | 90.00% |
| Industrials | 0.00% | 0.00% | 48.31% | 91.82% |
| Healthcare | 0.00% | 0.00% | 17.70% | 91.36% |
| Financial Services | 0.00% | 0.00% | 100.00% | 5.00% |
| Energy | 0.00% | 0.00% | 100.00% | 90.00% |
| Communication Services | 0.00% | 0.00% | 100.00% | 91.36% |
| Consumer Defense | 0.00% | 0.00% | 99.67% | 91.36% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 92.73% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 95.45% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PBIJX % Rank | |
|---|---|---|---|---|
| US | 1.38% | 0.00% | 99.98% | 9.24% |
| Non US | 0.00% | 0.00% | 88.46% | 83.28% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PBIJX % Rank | |
|---|---|---|---|---|
| Government | 41.23% | 0.00% | 86.23% | 16.74% |
| Securitized | 26.91% | 0.00% | 98.40% | 58.47% |
| Corporate | 22.95% | 0.00% | 100.00% | 78.87% |
| Cash & Equivalents | 3.16% | 0.00% | 237.69% | 44.44% |
| Municipal | 0.38% | 0.00% | 100.00% | 50.63% |
| Derivative | 0.00% | -6.56% | 43.84% | 55.35% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PBIJX % Rank | |
|---|---|---|---|---|
| US | 97.36% | 0.00% | 9042.62% | 37.59% |
| Non US | 0.00% | 0.00% | 189.26% | 88.99% |
PBIJX - Expenses
Operational Fees
| PBIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.01% | 39.64% | 60.19% |
| Management Fee | 0.14% | 0.00% | 1.76% | 7.03% |
| 12b-1 Fee | 0.15% | 0.00% | 1.00% | 17.72% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| PBIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.00% | 78.72% |
Trading Fees
| PBIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PBIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 161.70% | 2.00% | 493.39% | 55.95% |
PBIJX - Distributions
Dividend Yield Analysis
| PBIJX | Category Low | Category High | PBIJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.95% | 0.00% | 10.11% | 46.63% |
Dividend Distribution Analysis
| PBIJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
| PBIJX | Category Low | Category High | PBIJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.42% | -1.28% | 4.79% | 68.57% |
Capital Gain Distribution Analysis
| PBIJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.273 | OrdinaryDividend |
| Dec 21, 2023 | $0.320 | OrdinaryDividend |
| Dec 21, 2022 | $0.107 | OrdinaryDividend |
| Dec 21, 2021 | $0.135 | OrdinaryDividend |
| Dec 20, 2021 | $0.032 | CapitalGainShortTerm |
| Dec 21, 2020 | $0.638 | OrdinaryDividend |
| Dec 18, 2020 | $0.197 | CapitalGainShortTerm |
| Dec 18, 2020 | $1.023 | CapitalGainLongTerm |
| Dec 20, 2019 | $0.210 | OrdinaryDividend |
| Dec 20, 2018 | $0.215 | OrdinaryDividend |
| Dec 21, 2017 | $0.215 | OrdinaryDividend |
| Dec 22, 2016 | $0.132 | OrdinaryDividend |
| Dec 20, 2016 | $0.001 | CapitalGainShortTerm |
| Dec 21, 2015 | $0.165 | OrdinaryDividend |
| Dec 17, 2015 | $0.001 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.014 | CapitalGainLongTerm |
| Dec 19, 2014 | $0.163 | OrdinaryDividend |
| Dec 17, 2014 | $0.022 | CapitalGainShortTerm |
| Dec 20, 2013 | $0.189 | OrdinaryDividend |
| Dec 21, 2012 | $0.167 | OrdinaryDividend |
| Dec 19, 2012 | $0.005 | CapitalGainLongTerm |
| Dec 21, 2011 | $0.208 | OrdinaryDividend |
| Dec 21, 2010 | $0.142 | OrdinaryDividend |
| Dec 10, 2010 | $0.019 | CapitalGainShortTerm |
| Dec 10, 2010 | $0.002 | CapitalGainLongTerm |
PBIJX - Fund Manager Analysis
Managers
Darryl Trunnel
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Darryl is portfolio manager at Principal Global Fixed Income with responsibility for emerging markets and manages opportunistic credit strategies. Darryl joined the firm in 2008. Darryl has 25 years experience in the asset management industry, and prior to joining PGI was founder, principal, and portfolio manager at Blackhawk Capital Management, Iowa City, Iowa. In this capacity, he managed and operated a hedge fund including managing and trading the corporate bond and credit derivative portfolio. His background also includes positions with Credit Suisse First Boston as a director, with Eagle Capital as a principal and corporate bond trading manager, and with Cargill as an options trading and trading technology manager. He received a bachelor's degree in agricultural business from Iowa State University. Darryl has earned the right to use the Chartered Financial Analyst designation and is a member of both the CFA Institute and the CFA Society of Iowa.
Jeff Callahan
Start Date
Tenure
Tenure Rank
Dec 18, 2020
1.45
1.5%
Jeff Callahan has been with Principal® since 2006. He earned a B.A. in Business Administration with an emphasis in Finance from Wartburg College and an M.B.A. form the University of Iowa. Mr. Callahan has earned the right to use the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
